Brief Exercise 9-9 Marin Corporations April 30 inventory was destroyed by fire. January 1 inventory was $162,700, and purchases for January through April totaled $458,700. Sales revenue for the same period were $638,800. Marins normal gross profit percentage is 30% on sales.

Using the gross profit method, estimate Marins April 30 inventory that was destroyed by fire.

Estimated ending inventory destroyed in fire $

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